THE board of Maruti Udyog Ltd will meet on September 23 to decide on setting up a new plant for automobile assembly in a joint venture with its parent Suzuki Motor Corporation (SMC) of Japan.

SMC had, on Monday, announced that a new company, tentatively called ``Suzuki Maruti India Ltd'', would be set up as a joint venture between Suzuki Motor Corp and MUL. The company would set up a new automobile assembly plant in Manesar, Haryana with a capacity of 2,50,000 units per annum. The new plant is scheduled to begin operations in the beginning of 2007.

"The meeting of the board of directors of the company (MUL) will be held on September 23to discuss the subject of setting up a new automobile assembly company," Maruti informed the Bombay Stock Exchange.